meta Markets quiet after mixed results in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Markets quiet after mixed results in Chicago Thursday


On the Chicago Mercantile Exchange milk futures closed mixed Thursday following the direction of the cash market.  Class 3 markets were mixed trading anywhere from 4 cents higher to 2 cents lower. The beginning of the session started off strong but after the spot trade, the market tapered off. April finished up 1 cent to 15.81, may finished up 4 to 15.71 and June finished up 3 to 15.83. the 2ndquarter average is 15.78 and the 2ndhalf average is 16.36. Class 4 markets were mixed as well trading anywhere from 3 cents lower to 3 cents higher in the months of may through October.

Dry whey down $0.0025 at $0.3425. Five trades were made ranging from $0.3425 to $0.3450. Blocks unchanged at $1.66. One trade was made at that price. Barrels unchanged at $1.57. Seven trades were made ranging from $1.5675 to $1.57. Butter up $0.0025 at $2.2550. Three trades were made ranging from $2.2450 to $2.26. Nonfat dry milk up $0.0125 at $0.9875. Two trades were made at $0.9850 and $0.9875.


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